If you commenced after 1 December 2021, to be fully vested, you will need to have 3 years’ service as the point of sale.
Depending on the amount of the increase in the equity value at the time of the next Neighbourly sale transaction, this bonus may be higher or lower. All bonus amounts are expected to be taxed as ordinary income and subject to normal withholdings.
It is not contractual. It is discretionary and paid only if/when KKR sell and the amount is depending on the transaction value.